Oobit simplifies using cryptocurrencies in everyday life by letting its users pay with crypto at millions of stores worldwide while earning rewards for their transactions. With this in mind, we decided to walk you through how to earn rewards with Oobit in this simple, step-by-step guide.
About Oobit
Oobit is a crypto platform that lets European users use digital assets like Bitcoin (BTC) and Ethereum (ETH) to Tap & Pay at over 100 million merchants accepting Visa and Mastercard. So, you pay with crypto, and merchants receive fiat currency, making transactions seamless.
The platform also offers peer-to-peer transfers using just a phone number, which is free and instant, both locally and globally. Furthermore, the Oobit ecosystem is powered by the OBT token, which offers various perks like cashback and discounts.
Oobit’s 5X Rewards program
Oobit has a reward system called the 5X Rewards program. The program turns every crypto payment into an opportunity to earn points that you can redeem for tangible benefits. Namely, users can earn points each time they use the app’s Tap & Pay feature, which lets them spend crypto at any Visa or Mastercard contactless terminal.
The 5X Rewards Program has five levels, with reward rates growing as users move up. For example, at Level 1, users earn a base number of points per dollar spent, while Level 5 offers up to five times that amount.
Points come from every qualifying Tap & Pay transaction, and they can be converted into Tether (USDT) for spending or withdrawal. Higher levels also bring extras like cashback, exclusive airdrops (free crypto drops), and special challenges for bonus points. For example, using OBT directly for Tap & Pay grants immediate cashback, boosting rewards further.
The system also ties into Oobit’s referral program—invite a friend, and when they make their first qualifying payment within 14 days, both users score 200,000 virtual points—redeemable for USDT. It’s possible to refer up to 100 friends, capping at 20 million points.
How to earn rewards with Oobit: Step-by-step process
As mentioned, Oobit’s 5X Rewards program lets you earn points with every tap payment, which users can convert into USDT and spend anywhere. To start with the rewards, simply follow these steps:
Step 1: Download the Oobit app
Head to the App Store (for iOS) or Google Play (for Android) and search for Oobit, or use this link. Download the app and open it after installation completes. The app works on both iPhone and Android devices, so you’re covered no matter your phone type.
Step 2: Register an account
Once you download and open the Oobit app, you’ll be asked to enter your email address. Do so, and tap the Next button in the lower right part of your screen.
After you add your email address, you’ll need to choose your password. Be sure that your chosen password corresponds with the length and character type requirements, check the Terms and Conditions, and tap the Next button to proceed.
With your email address and password set up, continue by choosing your country of residence.
Next up, Oobit will send you a code to your email address. Copy the code back into the app and proceed further.
With the code in place, add your phone number.
Again, you’ll need to enter a code that Oobit sends you. This time, however, you’ll be sent a code via SMS or WhatsApp, depending on your choice.
With the second code in place, you’ll finish setting up your account, and you’ll be greeted with the home screen of the Oobit app.
Step 3: Verify your account
Once you register your Oobit account, verify it from the home screen of the app. Press the Verify to Tap option in the lower part of the home screen, or choose the Welcome to Oobit option. Either way, it won’t take longer than 2 minutes.
The whole process is simple. All you need to do is add personal information, take a photo of your ID and upload it, take a selfie for face verification, and answer a few simple questions. As mentioned, the process is quick, and you’ll start tapping in no time.
Step 4: Add crypto to your wallet
After you verify your account, you’ll be able to add funds. The whole thing is simple—just tap the plus icon on the home screen and decide whether you wish to connect a wallet or receive funds from another crypto wallet.
The procedure is pretty straightforward, so just follow the prompts provided by the app, and you’ll have your funds ready to go in no time.
Step 5: Make tap payments
The next step is to use Oobit to pay at stores. To do so, open the app, select Tap & Pay, and hold your phone near a contactless payment terminal.
The app can be used in any store where Visa or Mastercard contactless payments works. You spend crypto, the merchant gets fiat, and each tap earns you points through the 5X Rewards program, based on your activity level.
Step 6: Earn and track rewards, and redeem your points
We mentioned the 5X Rewards program has five levels. So, the more you tap, the higher your level and the more points you earn per transaction. For example, Level 1 might give 1 point per dollar spent, while Level 5 could offer 5 points.
Check your points in the Rewards tab, as Oobit updates your balance after each payment—points accumulate automatically as long as you use Tap & Pay.
When you’ve earned enough points, convert them to USDT. To do so, simply go to the Rewards section in the lower right-hand corner of the home screen, select Claim Rewards, and choose how many points to redeem.
The app converts them instantly into USDT, which you can spend via Tap & Pay or transfer out. Note that you can claim anytime.
In addition to that, Oobit offers extras like cashback or airdrops at higher levels—so, watch for those in the app.
Bonus step: Invite friends
Here’s a quick tip. Oobit offers a hefty bonus for users who invite their friends.
To refer friends to Oobit, share your referral code in the app, and when your friend signs up and makes a qualifying payment within 14 days, you both earn 200,00 virtual points—convertible to USDT.
Note that you can invite up to 100 friends for a maximum of 20 million points.
Is Oobit safe?
When it comes to security, Oobit uses Multi-Party Computation (MPC) wallet technology through partners like Fireblocks, splitting your private keys across multiple secure locations and reducing hacking risks. Users’ assets stay insured and stored offline in cold wallets for added protection.
Also, Oobit follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, ensuring legal compliance. The platform recently applied for a Financial Services Regulatory Authority license in Abu Dhabi, showing commitment to regulation.
Furthermore, customer support runs via the app or email if any issues arise. Of course, no payment app is risk-free, but Oobit’s measures appear to fully align with industry standards.
Oobit is also present on social media, so you can follow them for additional information about the platform on:
Oobit pros and cons
Pros
- Easy payments: Spend crypto anywhere Visa or Mastercard works—no merchant setup needed;
- Rewards program: Earn up to 5X points per tap, plus cashback and airdrops at higher levels;
- Referral bonus: Get 200,000 points per friend, up to 20 million total;
- Global reach: Works at 100 million+ locations worldwide;
- Free transfers: Send crypto peer-to-peer instantly with just a phone number.
Cons
- KYC required: Users must verify their identity, which may deter privacy-focused users;
- Level maintenance: Staying at higher reward tiers requires consistent activity.
The bottom line
In summary, Oobit makes crypto practical for daily use while rewarding you for it.
The 5X Rewards program turns every tap payment into points you can spend as USDT, offering real value—especially if you shop often. Setup takes a little effort with verification and funding, but once you’re in, the process is pretty intuitive. Additionally, safety features like MPC wallets and in-app support add confidence.
So, if you want to use crypto in the real world and earn rewards, Oobit is a solid option. Just weigh the KYC requirement and activity demands against your preferences.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs on Oobit
What is Oobit?
Oobit is a mobile app that lets you pay with cryptocurrency at millions of stores worldwide using Tap & Pay while earning rewards.
What do I need to start earning rewards with Oobit?
To start earning rewards with Oobit, you need the Oobit app, a verified account (with ID), and crypto in your wallet.
How many points can I earn per payment with Oobit?
It depends on your level. Level 1 earns fewer points per dollar spent; Level 5 can earn up to 5 times that amount.
Can I earn rewards without spending crypto with Oobit?
Yes, you can earn rewards without spending crypto on Oobit through referrals. Share your code, and when a friend makes a qualifying payment, you both get 200,000 points.
How long does it take to get rewards with Oobit?
Points hit your account right after each tap payment. On the other hand, referral bonuses arrive once your friend’s payment clears, usually instantly.
